# Lloyds Banking Group and charitable foundations launch £4.2mn Financial Resilience Fund

- Link: https://fundraising.co.uk/2025/07/11/lloyds-banking-group-and-charitable-foundations-launch-4-2mn-financial-resilience-fund/
- Published: 2025-07-11T10:23:15+01:00
- Author: Howard Lake

**Lloyds Banking Group and its four charitable Foundations have launched a joint
Financial Resilience fund, offering £4.2 million to help people in financial hardship.
The funding will go to charities who can help these people gain confidence and skills
to manage their finances, reduce reliance on debt and achieve long-term financial
stability. Only invited charities may apply.**

The fund was set up following [research](https://www.lloydsbankinggroup.com/assets/pdfs/sustainability/reports-and-presentations/2025/2025-financial-resilience-the-role-of-small-charities.pdf)
from Lloyds Banking Group and the charitable Foundations which found that in the
past three years, 4.3 million individuals have sought assistance from UK charities
due to financial hardship. Previous research has shown that the most financially
vulnerable in society are more likely to turn to a charity than to their bank for
help with their finances.

The research showed that charities are the **second most trusted source** of advice
after family. Of those surveyed, 90% of people who have visited charities and received
financial support were satisfied and are significantly more likely to say that they
feel more financially stable than before, compared to those who haven’t visited 
charities.

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Despite this, charities still face a lack of funding, staff capacity and resource
meaning that they feel less able to deliver the services that they would like.

## Funding for charities

The Financial Resilience fund will reach charities through the **Lloyds Bank Foundation
for England and Wales, Lloyds Bank Foundation for the Channel Islands, Bank of Scotland
Foundation and Halifax Foundation for Northern Ireland**.

Each of the four Foundations will receive a portion of the £4.2 million and will
make a total of 57 grants which are expected over the next two to three years.

The fund is **only open** to registered charities that have been **invited to apply
by the Foundation**. 

The fund will have two distinct strategies of support that charities can access,‘
overcoming setbacks’ for individuals in particular circumstances relating to debt
or financial distress and ‘establishing a foothold’ which will encompass more general
advice and financial support.

The aim of the fund is to reach people in new settings, for example via foodbanks
or as part of mental health recovery.

Every charity that is supported through the fund will have access to Lloyds Banking
Group’s Academy resources and skilled staff as mentors and coaches.

Lloyds Banking Group has a long-standing commitment to supporting the charity sector,
having donated £800 million to its charitable Foundations over the last 40 years
enabling them to support nearly 70,000 charities across the UK and Channel Islands.

The Group has also committed to provide £100 million to the Foundations by 2030.